It’s in the news, and some of the news is wrong. Here is a link to the actual IRS Notice 2020-17:
The info that the news media has wrong is that you don’t have to file your tax returns due April 15. That is not correct. Notice 2020-17 only delays the need to make certain (not all) payments.
If you will download the Notice using the link above, and read Part III on pages 2-3 very carefully, you’ll see that it deals only with income tax, including income tax on self-employment income. It does not say anything about FICA or Medicare taxes. Please notice also that this delay only applies to payments due on April 15, 2020.
It’s not clear if taxes withheld from an employee’s pay are delayed, but since the Notice does not specifically say that they are, my opinion is that you should not assume you as an employer don’t have to turn those over. Whether you are a monthly or semi-monthly, or other due date depositor, your due dates other than on April 15 aren’t going to be delayed even if you think employment taxes are delayed.
Everyone is covered. You don’t have to have the COVID-19 virus. It says the “Secretary” (meaning the Secretary of the Treasury) has determined that if you have a payment due on April 15, you are affected by the virus.
The second paragraph in Part III tells you that you have until July 15, 2020 to make the payment. There are limits on how much you can delay paying.
The fifth paragraph (on page 3) says there won’t be penalties or interest. And the last paragraph in Part III says if you are somehow subject to penalties or additions to tax, you can ask for relief.
As said at the beginning, there is nothing in the Notice delaying the requirement to file returns or extension requests in a timely manner. Only a limited number of payments are delayed. You can’t skip filing. If you are going to delay paying, you probably should consider filing an extension on the return itself, but that’s your option.